Odaily Planet Daily News: According to an announcement on January 8, asset management company Galaxy and stablecoin issuer Agora have completed the first over-the-counter transaction involving Agora's stablecoin AUSD. 'This transaction marks the transition of AUSD from a proof of concept to practical application,' said Agora CEO Nick van Eck in a statement. Agora positions AUSD as a 'builder-focused' stablecoin aimed at attracting traders and developers through 'gas-optimized' smart contracts. It also stated that the stablecoin is fully backed, with collateral held by one of the world's largest asset management companies, and regularly undergoes reserve audits. 'As the regulation of digital assets in the United States gradually takes shape,' Agora stated, its goal is to position 'AUSD as the cornerstone of the institutional stablecoin market.'